IHTL out with "E" news today. I don't have much info on this co. but it may be worthy of a closer look.
Innovative Holdings Introduces Global
Sports Network Internet Site
WINTER PARK, Fla., Jan. 21 /PRNewswire/ -- Innovative Holdings & Technologies, Inc. (OTC
Bulletin Board: IHTL - news), has announced the formation of its new wholly owned subsidiary,
Global Sports Network, Inc. (GSN). This new subsidiary is creating a worldwide internet sports
network that is unlike any broadcast or internet venue in existence today.
Unlike television, internet viewers will not just see a sports event, they will ''experience'' it
by viewing on-screen information in ''real time''. This is information ranging from
scoring/timing and statistics of the event to describing an athlete's bio/physiological
performance and key equipment operation/response. The Network will also deliver relevant
environmental readings on a ''real time'' basis.
In addition, GSN will offer online shopping for hard-to-find sports merchandise and
memorabilia, plus ''real time'' sports news. The Network is scheduled to be operational in
Spring, 1999.
''GSN will revolutionize the way we look at sports,'' said Helmut Wyzisk, President & CEO of
Innovative Holdings & Technologies, Inc. ''This Network will bring a whole new concept to the
internet that combines traditional sports viewing with an incredible stream of information
that truly makes the event come alive for the viewer.''
As part of this new GSN Network initiative, the Company is also in the process of entering into
strategic alliances and joint ventures with sports venues around the world and other internet
opportunities to maximize the exposure and viewership of GSN on the world wide web.
Innovative Holdings & Technologies, Inc. identifies, acquires and incubates early stage niche
technology companies with outstanding growth potential. The Company is currently developing
an interactive sports game network that will feature a variety of sports venues showcased in
an event- based format. This new global interactive game network is scheduled to debut in the
Summer of 1999.
The statements contained in this release which are not historical facts contain
forward-looking information with respect to plans, projections or future performance of the
company, the occurrence of which involves certain risks and uncertainties that could cause the
company's actual results to differ materially from expected results. Such risks include the
timing of implementation and the scope and success of the program described here.
For information contact: Investor Relations: 888-338-336 |
